Bill McDermott, co-CEO of SAP, said that economic prospects, at least in the U.S., had improved.» Read More
March 7- Navistar International Corp named a new chief executive with the backing of activist investor Carl Icahn, sending the truck maker's stock up as much as 28 percent as investors bet on a recovery from a disastrous engine redesign.
March 7- Kroger Co, the biggest U.S. supermarket operator, on Thursday reported a quarterly profit that easily topped Wall Street's expectations after it lured customers from rivals. The results from the Cincinnati- based grocer, which operates the Kroger, Ralphs, Smith's and Food 4 Less chains, sent shares up more than 3 percent in early trading.
March 7- Kroger Co, the biggest U.S. supermarket operator, said on Thursday it swung to a quarterly profit after total sales matched Wall Street's view. The Cincinnati- based grocer, which operates the Kroger, Ralphs, Smith's and Food 4 Less chains, reported fourth-quarter net earnings of $461.5 million, or 88 cents per share.
*Bank of England leave rates policy on hold. LONDON, March 7- Sterling jumped after the Bank of England left its monetary policies unchanged on Thursday, but moves in shares and the euro were held in check as investors waited for the European Central Bank to signal its next step. Britain's pound, which earlier hit a 2-1/ 2 year low below $1.50, rose to $1.5045.
SolarCity reported a larger fourth quarter loss than analysts had forecast. Shares skidded after-hours.
*European equity markets retreat from earlier highs. *FTSEurofirst 300 falls 0.3 pct, Euro STOXX 50 slips 0.1 pct. LONDON, March 6- European shares fell on Wednesday as investors booked profits on a rally that had sent several markets to multi-year highs, with weakness in the mining sector after metals prices declined also weighing on equities.
March 6- Two more analysts downgraded their ratings on J.C. Penney Co Inc shares amid growing uncertainty around the department store chain's turnaround, leaving the stock with only one "buy" rating. They have slid 32 percent since Penney reported disastrous holiday quarter results last week.
March 6- Staples Inc, the largest U.S. office supply chain, forecast weak full-year earnings and reported lower-than-expected quarterly revenue on Wednesday as corporate customers and other shoppers reduced discretionary spending. Staples, whose largest rivals are getting ready to merge, also raised its quarterly dividend by 9 percent to 12 cents per share.
*Announcement expected later in the day- Japan media. TOKYO, March 6- Samsung Electronics Co is set to invest $110 million in Sharp Corp, ensuring it a stable supply of TV panels and bolstering the survival chances of the Japanese maker of Apple Inc iPhone and iPad screens.
While a massive restructuring effort to lay off 11,000 and cut billions from the budget is already underway, Citigroup CEO Michael Corbat sounded a clear message to investors and analysts on Tuesday: I could wield the axe further if necessary.
The business of "deal toys," tiny Lucite trophies of big Wall Street deals, took a huge hit during the recession but now it's starting to roar back.
A new survey of managers and executives at big companies finds that about seven in 10 of the men and women surveyed believe they can have a successful career and family life, with a catch.
NEW YORK, March 4- Shares in major world markets slipped on Monday as China's plans for tighter controls on its property sector added to concern about slower global growth, while indicators that oil markets are amply supplied weighed on crude prices.
NEW YORK, March 4- U.S. stocks trimmed their losses on Monday as retailers' shares advanced, and the S&P 500 and Nasdaq composite indexes turned positive. Retail stocks were among the strongest of the day, with Target Corp up 2.8 percent to $65.95, Macy's Inc gaining 2.2 percent to $41.56 and Best Buy Co Inc rising 2.1 percent to $17.52.
CALGARY, Alberta, March 4- Shares in TransCanada Corp rose early on Monday in the first trading following a positive U.S. government report on the company's controversial Keystone XL project.
*MSCI Asia ex- Japan tumbles, led by sharp sell-off in China. TOKYO, March 4- Asian shares slipped on Monday, as worries about China tightening its grip on the property sector before the country's annual parliamentary meetings compounded weak sentiment already dampened by a patchy global growth outlook.
*Chesapeake shares drop after SEC escalates investigation. *Groupon rallies after CEO exits. NEW YORK, March 1- U.S. stocks rose modestly on Friday as strong economic data outweighed growth concerns in China and Europe and let investors brush off worries about the impact of expected across-the-board U.S. goverment spending cuts.
Forget about golden parachutes. Mason may be the first CEO in modern-day capitalism to get a lead parachute.
Consumer electronics giant Best Buy reported quarterly earnings and revenue that exceeded Wall Street's expectations.
SAN FRANCISCO, Feb 28- Groupon Inc replaced Andrew Mason as chief executive officer on Thursday, a day after posting dismal quarterly results, and appointed co-founder Eric Lefkofsky and board member Ted Leonsis as interim chief executives. Shares in the company rose 8 percent to $4.90 in after-hours trade, from a close of $4.53 on the Nasdaq.